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Messages - Rob Andrews

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1
** Donations to the BiblePay Foundation from the core Wallet **

Over the last two years, we have had 6 million BBP donated through the core wallet into the BBP foundation address.
(You can do this by clicking send money | check the checkbox Donate to Foundation).
Actually most of these donations came from POG (as POG used to require you to tithe to receive a daily reward).

But, we just let it build up and never spent it.  The good news is we finally have a plan to spend it in about 7 more days:
We are going to dig three water wells in Pakistan with the funds.  This will help 600 children receive water daily (forever - as pumping and maintenance is free).

So, rest assured that every single penny that was funneled or donated through BBP has gone to help either children in distress, to widows, or orphans (in an efficient manner with hardly any overhead).

Thank you to all those who were generous enough to donate.  As you can see with even a small donation, we made it go a long way in this community.


2
Hello to all, finally i did all setup after several hours :) whew! Kindly check my faucet code for my entry:   "Code": "BSfWaePiew29bF8KhmYtobLsnPjMt5iKrM-0-49-145-193-243"

Best regards,

DCDCamp

Welcome aboard, DCDCamp!

Thanks for joining us here.  I hope you stay with us forever.

And get raptured too.


3
Greetings from Virginia, USA! Wondering if anyone is tracking that freefaucet.io dropped Biblepay off of the faucet list in the last week? It used to reside underneath bitball, but is no longer listed there as an option.

If this is the case, are there any other faucets that offer 6+ BBP per claim? Thanks!

Hi RD, Greetings to you too and God bless you from TEXAS.

So Ill let the others comment on the freefaucet.io as I don't know which one of our community members funds that (?).

But I did just add a faucet to foundation.biblepay.org that will pay new users 100 bbp:
https://foundation.biblepay.org/LandingPage?faucet=1

EDIT:
They can also claim the 100 bbp by going to :  Community | Faucet      from foundation.biblepay.org



4
BiblePay discussion / Re: RandomX Giveaway for New RandomX Miners
« on: July 12, 2020, 02:13:14 PM »
Hello, i'm glad im here and have oppontunity to join BBP randomx giveaway. Here is my "Code": BFYfbpSwobs7N1Esi6kF7Ym4eLndFX6gf7

Best regards

Welcome aboard my friend -- SENT!


5
BiblePay discussion / Re: RandomX Giveaway for New RandomX Miners
« on: July 12, 2020, 02:09:55 PM »
Hi brother Rob,
Task DONE! Thank you for sharing this to all of us. More Blessings to come!
CODE: BM8f2GjJBh2WuGhHP5bCFzEV1MRwrNjgKr

Hi Gen,

It is very good to meet another Christian brother here - thank you for being a blessing.

Sent.


6
BiblePay discussion / Re: RandomX Giveaway for New RandomX Miners
« on: July 12, 2020, 02:08:47 PM »
                          BJbvh4VgRx8We7sbLgHrhpoaJyqt4HjBiF-3-76-230-142-9

Welcome aboard!  Sent!

Thank you for joining our team!


7
Production Proposals / Re: Should Sanctuaries fund our Orphans?
« on: July 11, 2020, 07:10:21 PM »
Hi Rob,

I find MIP's suggestion noteworthy. Your direction in this proposal is very agreeable, but gradual changes (versus big jumps) are really more welcome among the community. I don't think anyone paying $5/mo for a sanc would mind paying twice as much initially, knowing half is actual donation. As the crypto winter ends, further increases in the donation content would not even trigger any discomfort.

On a separate tone, I think increasing collateral requirement for a donating sanc would also be beneficial due to a lower amount of released coins after the dismantling of some sancs. Oh, how about a system that rewards the sancs in proportion to how much they lock and how much they donate?


The problem with the variable reward is that the entire deterministic masternode codebase is very complicated, and we have to calculate the sanctuary subsidy up front (sometimes even months in advance, due to the deflation and the governance calls).  Changing it to dynamic adds a new element of fork risk that I am not willing to take for something that is just a gradual feature - in the end - it is expected that someone will need to sponsor a full cameroon orphan to run a full sanctuary node anyway - so I feel like the dynamic portion can be handled inside foundation.biblepay.org instead (which, I believe it could be with fractional sanctuaries).

The other element of this is at this time, cameroon is the only partner we have that can meet the security requirements that I feel satisfy a third party audit of the reward vs proof of sponsorship  (IE they will host the bios on their own domain, all the orphans are $40 each, biblepay sponsors them with no help from others, one sanc public key per orphan etc).  Im of course very interested in working with compassion in the future, but they cannot offer this at this time.  The other aspect is we cant go with a mismatch of providers because that would be unfair - for example we cant have 5 Kairos and 5 Cameroon due to the price differences - and at this time, cameroon is the only one promising the ability to scale to hundreds of orphans as we grow.

So right now the best I can offer is :
Two sanctuary public keys per orphan for the first 6 months
Fractional sancs to handle the fractional case
After 6 months we move to one orphan per key

Theoretically, with fractional sancs and DWS I think we have actually offered the solution to the problem anyway.  We could if we wanted jump directly to one sanc per public key and ask the users to go with fractional right off the bat.


8
BiblePay discussion / Re: RandomX Giveaway for New RandomX Miners
« on: July 11, 2020, 10:00:46 AM »
Hello, i'm glad im here and have oppontunity to join BBP randomx giveaway. Here is my "Code": BFYfbpSwobs7N1Esi6kF7Ym4eLndFX6gf7

Best regards
Thank you for coming.  Please check out the OP post to claim it.

9
BiblePay discussion / Re: RandomX Giveaway for New RandomX Miners
« on: July 10, 2020, 09:23:41 PM »
A Blessed day everyone  ;D

As you can see i am new here ;) , i am a Bible teacher for children ministry here in Davao City, Philippines and a crypto enthusiast at the same time :)  to earn extra income while in lockdown because of this pandemic. Me and 7 in our group as workers here trying hard to mine cryptos because we can't afford anymore to buy coins or token since no income  ::) 

BBP is our favorite crypto here since we can mine BBP using our low end computers lol , and we give 500 BBP as reward to students that can memorize new Bible Verses  :-*

That's it for now, may the Lord God keep everybody safe and healthy, . that's already a big blessings to all.

MS. JING MIRANDA
BBP new wallet address: B6HM65zJ7MXV6cBKsvzJMMUs4ZEBngXKDe

Thank you in advance BBP Admin, Staff and Members! God Bless.

God bless you too.


10
Production Proposals / Re: Should Sanctuaries fund our Orphans?
« on: July 10, 2020, 09:23:17 AM »
I donīt see this as a bad idea on the long run.

But in the short run if a MN owner has 5 sancs, it is unlikely that can affort $200/month in sponsorships.

So some or all of those sancs will be probably liquidated (or dismantled if the MNO wants to hodl).

I would suggest this change to be made in a more gradual way, if it was possible for example to maintain a sanc with a $5/month donation, then after some months we analyze the effects, and then maybe decide to rise to $10/month per sanc and so on.

I thought about adding an adjustment changing the collateral reqs from 4.5 MM to 10MM - so one could lock more (and that would lessen the impact), but I did an analysis on that scenario and I think it hurts us over the 10 year term.  With 4.5MM, we stand to attract up to 833 sanctuaries (with a 75% lock ratio) over the long term (and therefore 833 monthly orphans).  I would imho, rather see 833 orphans than 417 etc (and, of course 817 unique investors etc rather than less), so impo, I think we just leave the 4.55 MM lock ratio, and let our sanc count drop, this in essence means making it harder to earn interest on latent BBP.  That means DWS will just be more popular in this phase.

I like the idea of lessening the impact with a more gradual start however, as we dont want to do anything psychotic.

One thing we could do to usher this plan in is the following:

On September 15th (this is our next release), we ask Cameroon to allow two sanctuaries per orphan sponsored through March 31, 2021.
Then starting April 1st 2021, we move to one orphan per sanctuary.

They can do this by taking one child bio, and allowing it to sponsor two public keys.



11
BiblePay discussion / Re: RandomX Giveaway for New RandomX Miners
« on: July 10, 2020, 09:14:30 AM »
BAS6N77fNRhyyeFgiTkawRhUpF4gfHwwr2

Thankyou in advance for the reward of newbie
Sure, your welcome.  Please see the OP post to claim.

12
BiblePay discussion / Re: RandomX Giveaway for New RandomX Miners
« on: July 09, 2020, 07:26:43 PM »
"BRTrwS5ia9ETvcEzjNwB7cAxqsShzhJPEJ-0-94-245-92-58"
Hi Matt, welcome aboard!

Hey are you mining in foundation.biblepay.org in randomx?


13
Production Proposals / Re: Should Sanctuaries fund our Orphans?
« on: July 08, 2020, 11:22:22 AM »
Here is a chart of the sanctuary reward per sanctuary (in BBP) per number of sanctuaries on the network:


https://san.biblepay.org/Images/sanctuaries.png
(I also attached the chart in case it is blurry).

As you can see from the 400,000 level (59 sanctuaries) that is where a person would currently earn $75 USD per month (at current rates of .000188).
With 99 sancs, we have 200K (or $37.50), which is not too bad considering what good they would be doing other than being online.
With 20 sancs, we have about 1MM bbp ($188 revenue per month).

My next post, I am going to try to imagine scenario A & B.
Scenario A is what we currently have:  251 sancs serving the network and doing not much more than 10 could do (IE we dont have a lot of IX transactions etc), doing no philanthropy, and not making any philanthropic decisions (for example we have zero replies to my idea about the water well, so this is a good example this month of zero votes and zero replies).

On the other hand lets imagine scenario B:
50 sanctuaries with revenue of $75 per month (or, even $50 if the price is impacted first), sponsoring one child each.  I could be wrong about this, but I would imagine each of those sanctuaries would be more apt to be active in the community - since they obviously care about a child enough to sponsor a child. 

I understand there are price downturns related to scenario B, and I also understand that we even started off on a new endeavor of paying for orphan sponsorships via XMR (and I like that) and it appears to be solid for growth in the future.

However I can't help but ask God, which scenario would he prefer?  Wouldn't scenario B be the one of choice where we raise up non-traditional investors instead of traditional HODL investors?

If you asked my opinion, Im leaning toward B as of today, because I like the look of the future environment for biblepay.

Now lets analyze the actual ill effects of the liquidation.  We never really talked about the positive effects of our price going down.  I do realize a sell wall is horrific, first of all, but I argue part of that is the effect of whatever mischevious person on SX is frontrunning the buy side just to sell the coins higher (they never have an intention to hold them anyway).  Lets move past the sell wall, because bots and mischevious users will always be attracted to projects that do good things.

The fact of the matter is, we will always need a few new investors to step in and buy up the extra 10 BTC of coins anyway - they are sitting there and someday, when we have a new investor that owns 0 biblepay step in, they will buy a few btc worth (thats part of expansion).

Lets talk about expansion effects from our price dropping. 

If our price drops by 50% due to a sanctuary liquidation, or a sanctuary who must pay the monthly orphanage bill (say, 5 of them at the same time), I believe what will theoretically happen is we will expand, because some investors who are not interested in us will actually buy at our low price - therefore these dips may also cause us to grow.

We need to take all this into account and come to an intelligent agreement that this is the right thing to do.


14
** Strengthening the backbone of the biblepay network **


Although BiblePay's block data, boinc data, and key-value pair data is decentralized (and resilient currently), be aware we do have some extra data that is stored in less resilient storage.  The rapture videos, Christian content on foundation.biblepay.org, theological articles, childrens letters, advertisement videos, company logos, partner data, children bios, and web site assets are all stored in space with single point of failure.

We are already working on providing a service for BiblePay (where biblepay can charge a commercial fee) to store videos or pdfs for the public to access in a more resilient way (for example, when regional outages occur, we want this data to serve).

I'm working on moving all of our mission critical data to more resilient storage.  So far, the videos on foundation.biblepay.org have been moved (meaning, they are now resilient:
http://foundation.biblepay.org/MediaList

I also wanted to mention, we have a new feature that allows you to request a video to be added to the list (and adds a discussion page to it):
https://foundation.biblepay.org/RequestVideo.aspx
(This feature actually causes the public domain video to be converted to resilient storage automatically, the same as our community videos).  If you aren't sure what I mean by this, let's say you come across a Christian video that is valuable and you share it.  After we convert it and host it, it should theoretically be available even if youtube, foundation.biblepay, and half of the internet are down (we will have a PDF explaining how this works).

Next, I'm going to attempt to move everything that is on san.biblepay.org to this type of storage.  Please let me know if anyone experiences any broken links.




15
Production Proposals / Re: Should Sanctuaries fund our Orphans?
« on: July 06, 2020, 08:01:38 PM »
why would sanctuary count drop to 50? so that means 200 sanctuaries sell onto open market?? what happens to price then?? lol

1) Just because a person stops being a sanctuary doesnt necessarily mean they sell the coins - they can choose to hold them, buy a fractional sanc, put it in DWS, etc.
2) Regardless of what happens to the price, the goal is to do the greater good over the long term.  All the ideas in this coin have been what we "thought" at the time were for long term success.  Obviously some havent worked out, but, I do see light at the end of the tunnel.  For example with RandomX, the difficulty is increasing and we do have new miners coming in.  I also believe we will release a technically successful feature over the next year that will make BBP an important original coin (in contrast to a clone coin).
3) There would be 50 or so because thats how many our current price of .000184 (the free market) affords us.  There will be more than 50 if we have users that sponsor orphans for a loss, or, if our price rises.



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